Here are the credit score ranges used by major scoring models: 1  FICO Score range: 300-850. 2  VantageScore 3.0 range: 300â850. 3  VantageScore scale (versions 1.0 and 2.0): 501â990. 4  Experianâs PLUS Score: 330-830. 5  TransUnion New Account Score 2.0: 300-850. 6  Equifax Credit Score: 280â850.
mode of premium payment. The frequency of payment the policyholder has chosen, for example, annually, monthly, or quarterly.
Definition of 'Premium'. Tweet. Premium is an amount paid periodically to the insurer by the insured for covering his risk. Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.